Jim Sinclair, the man who predicted gold would reach $1650/oz over a decade ago sent an email alert to subscribers tonight, stating that the Euro-zone, Russia, and China will determine the future of gold, as the financial power has shifted from the US and UK to the East. 

Sinclair also states that the purpose of QE was and is to transfer worthless assets on the books of the TBTF banks onto the Central banks themselves, and thus forestall the inevitable complete collapse of the western financial system. 

Sinclair states that the Federal Reserve has no means of ever unwinding the worthless and toxic junk assets it has taken onto its balance sheet, and that the mathematics of the price of gold’s response to what has already occurred are now well in excess of $4,000.

Sinclair’s full alert below:

The Doc sat down with Harvey Organ again for the 2nd of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that recent evidence seems to validate his long held suspicions that China is behind the big gold & silver shorts, and stated that the nation is draining massive amounts of physical metal East.
Harvey also made the shocking allegation that COMEX is settling allocated delivery & storage requests with paper metal,  and stated that he no longer has any faith whatsoever in the numbers reported in the COMEX gold and silver inventories. 

Harvey Organ’s EXPLOSIVE 2nd interview with The Doc is below:

With the Obama administration blatantly attacking the 2nd amendment and going after Americans’ Constitutional right to protect themselves from a tyrannical government,  Max Keiser talks to trends forecaster, Gerald Celente of TrendsResearch.com in the latest Keiser Report about the next American Revolution.

Play

The U.S. federal deficit is now exceeding $1 trillion dollars every year —up from $161 billion in 2007, the last year before the financial crisis. Spending is up some $1 trillion, as outlays for Social Security, Medicare, Medicaid and other entitlements have increased by an amount equal to the entire 2013 military budget – a budget which may again surpass the combined military expenditure of every other nation in the world. U.S. unfunded liabilities are now estimated at between $50 trillion and $100 trillion and by the end of the decade (in less than just 7 years), runaway entitlement spending will require shutting down the military or crippling many other vital domestic spending programs to head off massive deficits that will likely lead to a dollar crisis and significant inflation. No matter what deal is eventually agreed, whether before or after the new year, it will at best nibble at the edges of the trillion dollar annual deficits that are being piled up. While all the focus has been on the so called U.S. ‘fiscal cliff’, amnesia has taken hold and many market participants have forgotten about the far from resolved Eurozone debt crisis – not to mention looming debt crisis in the UK and Japan.

The Doc sat down with Harvey Organ Wednesday for the first of several interviews regarding the recent massive cartel intervention in the gold and silver markets post the QE4 announcement, the fiscal cliff, the CFTC’s silver probe, and the unprecedented 20 million oz of silver still standing for December delivery.

Harvey stated that the end game is being played out, and that an Asian group has decided to take on the cartel and drain the physical silver from the COMEX.   He states that the bullion banking cartel’s suppression of the gold and silver markets is the ultimate treason against Americans, as  350 years of US wealth is being drained East due to the price suppression of gold and silver.

MUST READ!

After trading in the shadow of Wednesday’s chart overnight and throughout the early morning, silver has just broken algo control with a vertical move to the upside.   After breaking below $29.70 in early trading, silver has just shot up .80 nearly vertically to $30.59.

Gold has also made a strong move to the upside, and is back into the mid $1660′s.

The only CNBC commentator who does have a clue, Rick Santelli, gave another epic rant this morning concerning the fiscal cliff, Federal debt and unfunded liabilities, and the Fed Santelli, sounding like James Grant or Tyler Durden, stated the true fiscal cliff is the $100 Trillion in unfunded liabilities, and stated that The Fed doesn’t have a clue.

Santelli’s full rant below:

In the midst of continued massive cartel intervention in the gold and silver markets post QE4, Jim Sinclair sent an email alert to subscribers tonight advising that There is no top in gold, the gold price is going much higher than I originally anticipated.

Sinclair, who previously had stated he expects gold to surpass a minimum of $3,500/oz, and that gold would need to achieve over $10,000/ oz to balance US obligations, stated that I have seen this type of take down before- It was just prior to the major move in gold in the 70s wherein gold rose the most over the shortest period of time.

Sinclair stated that the US and GB have lost their battle against the Euro, and that The long standing currency war has shifted now putting the dollar in harms way.

Sinclair’s full MUST READ alert is below:

RJ O’brien Senior Commodities Broker Phil Streible was on Bloomberg this morning, and when asked by the host for his #1 commodities pick for 2013, Streible responded: Silver!

Streible stated that: The Fed will continue to buy mortgage backed securities and treasuries, causing the Fed’s balance sheet to expand from $2.9 Trillion to $4 Trillion by the end of the year.
The Bloomberg host then asked Streible why then wouldn’t he buy gold rather than silver?

Streible responded:  Ultimately the Fiscal Cliff issues will be resolved, silver prices have been beat up recently, we’ve seen a 10% decline in the last week, and I think that a snap-back short covering rally will occur, and prices will explode!

Full interview below:

And so it begins.
Those who followed precious metals in 2011 will recall this game plan all too well:
Smash gold and silver prices using unprecedented amounts of naked paper shorts, then announce massive margin hikes (due to increased volatility) to force capitulation among any longs holding out. 

After large take-downs in gold and silver in thin holiday trading last week, the Shanghai Gold Exchange announced today it will raise gold margins to 13% effective Dec 28th.

By Jim WillieGoldenJackass.com

The global financial crisis is better described as a global monetary war to defend the toxic USDollar, whose sunset can be seen.In the last 12 to 18 months, the monetary war has again morphed, this time into a far more serious and financially violent global Gold War. Nations are fast realizing that their only true liquid assets of value are their gold reserves, and even they have been tampered with or stolen in a vast re-hypothecation scheme.

The Gold War is on, having moved to a higher gear, but nowhere near a climax gear. The true value of gold is being realized. The strength of gold during insolvency crisis is being observed. The resistance and rescue from the plague of insolvency is being made clear on a global stage. The new important part of the Gold War comes with the Allocated Gold Account scandal which will dwarf the LIBOR and MFGlobal scandals. The demands for repatriated gold accounts, primarily from the criminal bank sectors in London and New York, have amplified. Germany has finally joined with demands for gold repatriation. The demands will continue to grow even as tampered gold bars add to the motivation to repatriate. If only Chavez of Venezuela knew that he was to start a global trend to call gold home, in a Gran Aletazo de Mariposas. The grand butterfly flapping has caused a whirlwind that will turn into a tornado to wreck the central banks in a final death blow.

Jim Sinclair sent subscribers an alert today, urging PM investors to stay the course in the midst of massive cartel interventions in the gold and silver markets.   Sinclair states that the downward economic spiral caused my excessive amounts of debt cannot be stopped by central interventions or media propaganda, and that there is no tool in any central bank’s tool box to fix the size of the overmuch debt problems.

Sinclair urges readers to hold tight their physical precious metals, as cartel manipulation is a sign of madness, and will ultimately fail to prevent the outcome of the economic downward spiral in progress in Western finance.

Sinclair’s full MUST READ alert is below:

December Markets At a Glance From Eric Sprott:

As long-time students of precious metals investing, there are certain things we understand. One is that, historically, the availability ratio of silver to gold has had a direct influence on the price of the metals. The current availability ratio of physical silver to gold for investment purposes is approximately 3:1. Investors are choosing to buy silver at a ratio to gold that is well above what is available. This uptrend doesn’t show any signs of slowing either. The ratio of the physical silver to gold is both rising and extraordinarily above the availability ratio of 3:1. So, why is it that investors are allocating their dollars to silver at a much higher ratio? What is it that these “smart” investors understand? Let’s have a look at the numbers and see if it’s time for investors to do as a wise man once said and “follow the money.”